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Nov 6, 2013
11/13
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before we get to our panelists, dave cam subpoenaed the obama administration for internal obama care enrollment data and private estimates shows signups for the older people. plus, call them the hidden cross of obama care. thanks to the laws, collection, taxes, fees, regulations on insurers, everybody will have nearly higher premiums. president obama's gallup approval rating, which has now fallen to just 39%, so my question this evening with obama's credibility on the line, why would the white house resort to new lots about obama care. >> it's really not necessary. here now we have health policy forum. kelly ann conway, president and ceo of the polling company. we welcome ron foreign yeah. lying about lies, credibility matter. fournier, why are they doing all of this. it will damage his credibility even more. >> i don't know why they're doing it. it's political malpractice, any leader whether you're in politics, business, running a church, you have to have credibility. especially towards the young millennials. the president has to convince them this is good for them, good for their f
before we get to our panelists, dave cam subpoenaed the obama administration for internal obama care enrollment data and private estimates shows signups for the older people. plus, call them the hidden cross of obama care. thanks to the laws, collection, taxes, fees, regulations on insurers, everybody will have nearly higher premiums. president obama's gallup approval rating, which has now fallen to just 39%, so my question this evening with obama's credibility on the line, why would the white...
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Oct 18, 2012
10/12
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is tax reform dead if obama is re-elected? and will it just take -- we have to wait until mitt romney comes in. >> it's not dead. i'm sorry, david, i thought he directed the question at me. yeah, i'm afraid it is. you have to understand president obama struggles every day with his limitations, his vision is very constricted, he has no training, no experience, no imagination and worst of all, he has no willingness to consider a point of view that comes from outside his very, very seques r sequestered upbringing and experience, he just doesn't have the creativity to get beyond himself. >> got the leave it there. >> coming up on kudlow, the u.s. economy is the next big target for terrorism. the attempted bombing of the new york federal reserve, one example a string of cyber attacks on banks. and now ahmadinejad remains a debt laden country and he can't go on for long. ericans are alwao work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping gener
is tax reform dead if obama is re-elected? and will it just take -- we have to wait until mitt romney comes in. >> it's not dead. i'm sorry, david, i thought he directed the question at me. yeah, i'm afraid it is. you have to understand president obama struggles every day with his limitations, his vision is very constricted, he has no training, no experience, no imagination and worst of all, he has no willingness to consider a point of view that comes from outside his very, very seques r...
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Jan 26, 2015
01/15
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pushing to end certain tax breaks on specified college savings plans. it includes 529 fans that have been tax-exempt. the earnings grow tax-free, and then when you take it out, you don't pay tax on it. the move aimed at simplifying the tax code but could it hurt them instead? this is joe, ceo of saving for college.com. a 529 planning site. jared bernstein, cnbc contributor and former economist to joe biden and the obama administration. >> do you think this plan is actually a good idea? i'm going to ask you why because as i understand it what would happen here is while the existing accounts would be grandfathered, new accounts you would still have tax deferred accrual. when you start to withdraw money would be taxed. that money that's going to be taxed would go to memorialize or make permanent a tax credit of up to $2,500 a year for certain moderate income families up to $180,000. i've given a big preface here. you know and i know -- >> good job. >> you know and i know jared, that $2,500 a year pays for about a week. >> well first of all, it is important
pushing to end certain tax breaks on specified college savings plans. it includes 529 fans that have been tax-exempt. the earnings grow tax-free, and then when you take it out, you don't pay tax on it. the move aimed at simplifying the tax code but could it hurt them instead? this is joe, ceo of saving for college.com. a 529 planning site. jared bernstein, cnbc contributor and former economist to joe biden and the obama administration. >> do you think this plan is actually a good idea?...
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Nov 13, 2013
11/13
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various obama care taxes and regulations will make full time jobs at good wages scarce. old friend and mentor jack kemp used to say the trick is make the nonrich rich through economic opportunity and incentives, never punish success. that's my little sermon. here now we bring in this to discuss this, deputy chief of staff and cnbc contributor jim from the american enterprise institute. jimmy, you're writing today, one of the smaller towns out in the state of washington, they want to double the minimum wage. president obama now wants to go i guess from $7 and something to $10. i can't think of anything dumber. >> right. it's a cost of hiring. disincentive for businesses to hire. politicians love it because it doesn't cost them any money. something like a direct wage subsidy, expand the eitc tax credit. that goes on the books of government. unions don't like it because they think people won't support it. politicians don't like it. let's raise the minimum wage. you may get higher wages for people with jobs but end up losing jobs over the long term. >> i know you'll disagree
various obama care taxes and regulations will make full time jobs at good wages scarce. old friend and mentor jack kemp used to say the trick is make the nonrich rich through economic opportunity and incentives, never punish success. that's my little sermon. here now we bring in this to discuss this, deputy chief of staff and cnbc contributor jim from the american enterprise institute. jimmy, you're writing today, one of the smaller towns out in the state of washington, they want to double the...
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Nov 1, 2012
11/12
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he's talking about barack obama. now, i'll admit, that ain't much of an endorsement. you have to agree with me on that. >> i totally agree. when i read it, i was like, hey, where is the endorsement part? but here's the central part, guys, that he does make and we can't escape. part of of the point that he makes on romney's positions with climate change is the not just climate change itself, but where he was and then where he is now. this idea that romney has since put politics ahead of this good science. and that's where kellyanne references -- >> he did that -- >> hold on. his point is the mitt romney that he knew all those years ago is not the right ring guy running for president now. that's the poink he makes. point he makes. >> and that is what making this a close race because mitt has moved a little to the center. but another one i can't let go by. president obama now wants a secretary of business. ap-mitt romney's response is, hey, listen, i'm doing it. i got 25 seconds. i know how to get business. the other guy wants a secretary of business. this is the weirdes
he's talking about barack obama. now, i'll admit, that ain't much of an endorsement. you have to agree with me on that. >> i totally agree. when i read it, i was like, hey, where is the endorsement part? but here's the central part, guys, that he does make and we can't escape. part of of the point that he makes on romney's positions with climate change is the not just climate change itself, but where he was and then where he is now. this idea that romney has since put politics ahead of...
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Mar 5, 2012
03/12
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. >> simon, your point is well taken, other than a blip around president obama's tax policy, the republican primaries very little effect on the stock market. >> we will see what happens tomorrow night when we get the results from super tuesday. thanks, everybody. >>> looking at the movers and shakers, we got big movers in the individual sectors look at. brian shactman the cnbc realtime exchange with that angle. over to you, brian. >> thanks very much. look at the s & p from a sector perspective to start here, pretty defensive market, consumer staple, telecom, utilities positive. materials, by farther laggard today that recalibration after china's 2012 growth estimates, steel the hardest and most of the names seen the entire 2012 gains wiped out. freeport-mcmoran showing how much the miners are getting hurt, down 4% and cliff's natural down 3% for coal. we haven't talked about yelp today, right behind maria, if you saw the logo behind her, down more than 10%, almost 11%. you have to remember, priced a 15, opened at 22, now below that open price. ibm, flirting with 200 a share, now above it b
. >> simon, your point is well taken, other than a blip around president obama's tax policy, the republican primaries very little effect on the stock market. >> we will see what happens tomorrow night when we get the results from super tuesday. thanks, everybody. >>> looking at the movers and shakers, we got big movers in the individual sectors look at. brian shactman the cnbc realtime exchange with that angle. over to you, brian. >> thanks very much. look at the s...
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Nov 8, 2012
11/12
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john boehner said he'd pursue a deal with president obama that would include higher taxes under quote/unquote the right conditions to help. our next guest says obama's victory will lead to a risk on phase in markets especially when it comes to the u.s. dollar. joining us is dara mahr. >> it lasted for about 20 minutes, didn't it? we did say it would show how preoccupied the market is with this fiscal cliff. bam, bernanke, no china standoff, if that faded that quickly, it really just und underlines how important this fiscal cliff is for markets going forward. >> so much of the selling pressure we saw yesterday came during the european session and again today, we're seeing europe fall sharply not necessarily on what's happening out of the u.s., but apparently concerns about spain. >> yeah, i think we've had a confluence of events here. we had soft german numbers, we had draghi saying germany's been dragged into this eurozone crisis and i'm ready to buy bonds that won't push up inflation and of course we're all waiting for spain to ask for helpnd and the signal is that the market is gett
john boehner said he'd pursue a deal with president obama that would include higher taxes under quote/unquote the right conditions to help. our next guest says obama's victory will lead to a risk on phase in markets especially when it comes to the u.s. dollar. joining us is dara mahr. >> it lasted for about 20 minutes, didn't it? we did say it would show how preoccupied the market is with this fiscal cliff. bam, bernanke, no china standoff, if that faded that quickly, it really just und...
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Dec 3, 2012
12/12
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there you see the obama offer in terms of what he has put on the table. he would like to see a bunch of new taxes particularly tax 92 creases, $960 billion and the key here is that what the president has offered in all told is $1.6 trillion in new tax revenues and what the speaker countered with today was $800 billion. you can see how far apart the two men are. there is a lot of negotiating to be done between here and there. >> what is your guesstimate on a counter? >> i think we have a counter at some point in the next couple of days. where they go in terms of those numbers i don't know because this would be the first time that either party has to move far off of its talking points. both parties made offers that are basically what the talking points are. now we get to the nitty-gritty. who is willing to show a little leg and compromise. >> quite a metaphor. >> whoa! >> you show a little leg. >> rise above, show a little leg. it's all the same. thank you. >> poor guy he is doing a serious report -- >> and then you guys chime in. >> the "fast money" hounds
there you see the obama offer in terms of what he has put on the table. he would like to see a bunch of new taxes particularly tax 92 creases, $960 billion and the key here is that what the president has offered in all told is $1.6 trillion in new tax revenues and what the speaker countered with today was $800 billion. you can see how far apart the two men are. there is a lot of negotiating to be done between here and there. >> what is your guesstimate on a counter? >> i think we...
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Jan 26, 2015
01/15
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obama have a 529 and incidentally theirs will be grandfathered so they won't have to pay the same tax penalty. i think that's inconsistent and contrary. let me say more generically, if you look at the proposals, with respect to the tax credits for working spouses with respect to the tax credits on children and kiddy care they are reaching up to $200,000 and $210,000 as a definition of middle class. i thought middle class was $35,000 to $70,000. all i'll say is simple economics. common sense economics. you can't have a business without capital. tax capital, you're damaging businesses. you can't have a job without the businesses, and it's the jobs that produce the income and the middle class spending. so by taxing capital so-called for rich people or whomever you are damaging the prospects for the very people you say you want to help. >> i see what you're saying. >> this makes so little sense to me that the obama administration would propose this. i mean come on just politically -- >> do you have one of these plans? >> i don't because i kind of had a feeling something like this might ha
obama have a 529 and incidentally theirs will be grandfathered so they won't have to pay the same tax penalty. i think that's inconsistent and contrary. let me say more generically, if you look at the proposals, with respect to the tax credits for working spouses with respect to the tax credits on children and kiddy care they are reaching up to $200,000 and $210,000 as a definition of middle class. i thought middle class was $35,000 to $70,000. all i'll say is simple economics. common sense...
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Feb 8, 2013
02/13
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this is an issue of obama, he got a tax increase on january 1st. now he wants another tax increased. this guy is an alcoholic for higher taxes and he's looking for any excuse to try to get republicans into that breyer patch and the big difference between this fight over the sequester and the fiscal cliff, obama had the upper hand with the fiscal cliff but a big increase would happen automatically. now the republicans have the upper hand. if we do nothing, we finally slightly reduce the growth rate of federal spending. i know it gets jared and the keynesians all upset. it would be good for our economy. >> so far we have cut $1.5 trillion of spending over ten years and raised about $600 billion in taxes. if cutting spending helped the economy, we ought to be doing better than we're doing right now. now, i think you guys have a point about the tax increases. it matters less when you're talking about raising taxes on people who are no income or liquidity constrained, folks at the top the scale. but i take your point. i don't think it makes sense, for e
this is an issue of obama, he got a tax increase on january 1st. now he wants another tax increased. this guy is an alcoholic for higher taxes and he's looking for any excuse to try to get republicans into that breyer patch and the big difference between this fight over the sequester and the fiscal cliff, obama had the upper hand with the fiscal cliff but a big increase would happen automatically. now the republicans have the upper hand. if we do nothing, we finally slightly reduce the growth...
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Mar 28, 2012
03/12
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. >> president obama is talking about the bush tax cuts expiring. that means dividend taxes are going to triple. if they go above 40%, do you think that's going to mean a favorable place to put your money? >> well, that's a real issue but that's nine or ten months more away and i'm not convinced that that is going to happen. definitely a risk factor, no question. if tax rates triple, like you say, that challenge the balance in risk reward. definitely bears watching. although i think at this point it's speculation and the actions coming up in november, as we get closer to those, how they impact fiscal policy, business policy as well as business activity. i mean, i think there's a risk that we get further stimulus from the fed or even from a fiscal nature as we get closer to the election to try to enhance election results for one party or the other. >> we'll leave it there. thank you. we appreciate your time. >> thank you, maria. >>> banks among the big winners and on the session that certainly helped limit the losses for the dow. speaking of the dow,
. >> president obama is talking about the bush tax cuts expiring. that means dividend taxes are going to triple. if they go above 40%, do you think that's going to mean a favorable place to put your money? >> well, that's a real issue but that's nine or ten months more away and i'm not convinced that that is going to happen. definitely a risk factor, no question. if tax rates triple, like you say, that challenge the balance in risk reward. definitely bears watching. although i think...
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Feb 13, 2012
02/12
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why the big part of the budget involves doubling the dividend tax for some americans. >> here is how we finished the day. the market had a good advance, and still finished up 72 points. nasdaq up 27.5 and the s&p 500 up about nine points on the trading session. so, not bad. but secertainly not the highs o the trading session. >> right, as we were saying we thought we would have a bigger gain today. >> one would think. >> with barrons calling for dow 15,000. >> right, you would have thought it was more. keep in mind there were dispointsing economic news coming out of japan. >> there's always something, isn't there? >> there s even though the markets moved higher, we saw a light volume day. we are seeing a seasonally slow time for the markets but we will take it, right? let's look at what helped to drive the markets higher today. we saw strength in industrial stocks and telecom was stropger and financials have been strongstrong er throughout the year, utilities are toning to be down. the dow leaders included bank of america, which is up some 40 plus percent this year and jpmorgan and u
why the big part of the budget involves doubling the dividend tax for some americans. >> here is how we finished the day. the market had a good advance, and still finished up 72 points. nasdaq up 27.5 and the s&p 500 up about nine points on the trading session. so, not bad. but secertainly not the highs o the trading session. >> right, as we were saying we thought we would have a bigger gain today. >> one would think. >> with barrons calling for dow 15,000. >>...
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Aug 8, 2016
08/16
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the obama-clinton agenda, tax, spend and regulate has created a silent nation of jobless americans. home ownership is at its lowest rate in 51 years. >> thank you very much. thank you. i will say the bernie sanders people had far more energy and spirit. i will say. nearly 12 million people have been added to the food stamp, and these people are growing and growing so rapidly. since president obama took office, another nearly 7 million people, great americans, are right now living in poverty. poverty. okay? poverty. we have the lowest labor force participation rates in four decades. 58% of the african-american youth are either outside of the labor force or not employed. one in five american households do not have a single member in the labor force. not a single member of the households. these are the real unemployment numbers. the 5% figure is one of the biggest hoaxes in american modern politics. [ applause ] meanwhile, american households are earning more than $4,000 -- this of that -- $4,000 less today than they were 16 years ago. the average worker today pays 31.5% of their wages
the obama-clinton agenda, tax, spend and regulate has created a silent nation of jobless americans. home ownership is at its lowest rate in 51 years. >> thank you very much. thank you. i will say the bernie sanders people had far more energy and spirit. i will say. nearly 12 million people have been added to the food stamp, and these people are growing and growing so rapidly. since president obama took office, another nearly 7 million people, great americans, are right now living in...
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Dec 17, 2012
12/12
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raising their taxes, 3.6% on the obama rich is around 44 billion next year. raising taxes on boehner rich, that gives us about half that amount, about 20 billion. now aside from the smaller numbers of course, the boehner rich get income from capitol gains. raising their income tax rate has less of an impact. $20 billion is still a lot of money and boehner's offer is a good starting point. they a agreed to midpoint at 500 thousand, that could be good. but in government terms that is bet are for politics than for economics. >> and our viewers, smart punch. if they watched last week, they know we threw out this number. >> right. >> 3.million. that's the number of households filing income taxes. 3.2 million, that the number of households that also reported income below 500. so 83% of the rich are the working wealthy. they make between 200 and 500. >> that's in terms of population. now the income chart are really askewed when you get to the hospital. that top group on the average income for the 1 million plus group is 3.6 million. so the big chunk of income is rea
raising their taxes, 3.6% on the obama rich is around 44 billion next year. raising taxes on boehner rich, that gives us about half that amount, about 20 billion. now aside from the smaller numbers of course, the boehner rich get income from capitol gains. raising their income tax rate has less of an impact. $20 billion is still a lot of money and boehner's offer is a good starting point. they a agreed to midpoint at 500 thousand, that could be good. but in government terms that is bet are for...
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Dec 13, 2012
12/12
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we're going to have to see what happens and if we hear from john boehner and president obama after this meeting which will probably only do if some breakthrough occurs. >> all right, john, thank you. keep us posted. we will go back to john in d.c. if any developments do happen here at this point. we mentioned at the top of the show, press conferences between, you know, we got boehner and we got reid and where do we get at the end of the day? really nowhere. >> i don't think you can chalk this up to really, you know, the volleys we're talking about that seem quite pathetic and boehner saying he's going back to ohio, you know, come get me if you've got something to say. this stuff is hitting the tape and kind of silly. this is, to me, the market's reaction is just hangover from the fed getting out of the way. if you look at markets right now, we have some major resistant levels and i do think this is a technical call as much as anything. i don't think markets have broken down here, but i think we have a decent place to play right back into 1380 before you have to worry. >> totally agree.
we're going to have to see what happens and if we hear from john boehner and president obama after this meeting which will probably only do if some breakthrough occurs. >> all right, john, thank you. keep us posted. we will go back to john in d.c. if any developments do happen here at this point. we mentioned at the top of the show, press conferences between, you know, we got boehner and we got reid and where do we get at the end of the day? really nowhere. >> i don't think you can...
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Dec 10, 2013
12/13
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that the house and senate and obama administration expressed tsh in before. they do hit things we are waiting to see whether or not there is any sort of agreement. democrats made that last minute demand. we don't think it will be part of this deal. we may get an agreement to vote on a short term extension. the congress should do by the end of next week with something good to tell their constituents. >> appreciate it. a budget deal will be announced. i want to pull this back into the taper. part of that is the notion that there will be a budget deal. does that increase the odds in your view? >> it's amazing how the stars -- maybe it's not amazing. >> the job's numbers are better. the deal comes through. >> it's all coming together. >> the fed could not do anything. >> this is great news. the two brain cells part of this is i think this is the next leg up. if you get corporations to start to believe, that is how this economy will heal. that's what we need. group one, automotive. joins us. >> thank you. good to be here. >> given your experience with gm and famil
that the house and senate and obama administration expressed tsh in before. they do hit things we are waiting to see whether or not there is any sort of agreement. democrats made that last minute demand. we don't think it will be part of this deal. we may get an agreement to vote on a short term extension. the congress should do by the end of next week with something good to tell their constituents. >> appreciate it. a budget deal will be announced. i want to pull this back into the...
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Jun 5, 2012
06/12
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with an election looming, i don't see any part to come over to obama side and provide tax cuts for employment that he has suggested, provide the help to state and local governments that he suggested. i think we're basically unfortunately at a stalemate until election day. what president clinton has to do with collaboration, and hopefully we will have it after election day and need it for public sector and private sector and important things happening with the imf and he's not sure whether and the ecb we've already seen action on that. >> i think he's right about that. i don't think there's any political ill will for u.s. taxpayers bearing our own financial burdens right now to turn around and bail out europe. i think germany needs more time to see what the european central bank does and see in another week or so. >> what about you? >> i'm the same. i think what the united states ought to do is take a wait and see attitude right now. the imf as well. it is really up to europe and, unfortunately, europe is in a real predicament. angela merkel is under tremendous pressure. it's not clear she wil
with an election looming, i don't see any part to come over to obama side and provide tax cuts for employment that he has suggested, provide the help to state and local governments that he suggested. i think we're basically unfortunately at a stalemate until election day. what president clinton has to do with collaboration, and hopefully we will have it after election day and need it for public sector and private sector and important things happening with the imf and he's not sure whether and...
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Jan 12, 2010
01/10
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two, the obama administration may try to impose new taxes on banks to make taxpayers whole on the bailout money. that would be $120 billion in new taxes, by banks that have repaid their t.a.r.p. with interest. but wait, as we raise taxes the third headline might make you pause. we learned today that the fed paid a record $46 billion to the treasury last year, that's bailout money going back into the coffers. with all of the talk of a $1.5 trillion budget deficit last year, is all of the talk of ballooning money crises in america overblown? carlos gutierrez is with us, gideon rakeman from the financial times who thinks america might want to think of declaring bankruptcy is here and our own steve liesman. wonderful to have all three of you with us. gideon, we thought your column was interesting, caught our attention. your comment, bankruptcy could be good for america. you think we have a problem. maybe we should go over the edge of niagara falls? >> i think it will be a little premature. i was trying to be slightly provocative. if america keeps running budget deficits of 12% or if things ca
two, the obama administration may try to impose new taxes on banks to make taxpayers whole on the bailout money. that would be $120 billion in new taxes, by banks that have repaid their t.a.r.p. with interest. but wait, as we raise taxes the third headline might make you pause. we learned today that the fed paid a record $46 billion to the treasury last year, that's bailout money going back into the coffers. with all of the talk of a $1.5 trillion budget deficit last year, is all of the talk of...
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Mar 14, 2017
03/17
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pay obama care taxes to fund obama care. that is gone. 20 million thought you said taxed by obama care. that is gone. 10 million americans who have very high costs of health care and low incomes so more than 10% is eaten up by taxes. obama took that away from the poorest and sickest americans and said no no, you t has to be 10%. they are screwed by obama care with tax increases. that obama tax is gone. you can selectively say there was taxes on rich people, that's why taxes do that. they tax medical devices. if you have a medical device, you pay higher taxes. they tax insurance. your insurance kogss more. they tax chartable hospitals. so it is a tremendous help to middle and lower income americans. >> we have to leave it there, that is certainly one side of the argument. a lot of people disagree with you -- >> but i'm right. >> americans for tax reform, the president and founder there. >> i say the same thing to my family, but i don't get the right answer. >> that must be really pleasant to live with you. >> see you later, d
pay obama care taxes to fund obama care. that is gone. 20 million thought you said taxed by obama care. that is gone. 10 million americans who have very high costs of health care and low incomes so more than 10% is eaten up by taxes. obama took that away from the poorest and sickest americans and said no no, you t has to be 10%. they are screwed by obama care with tax increases. that obama tax is gone. you can selectively say there was taxes on rich people, that's why taxes do that. they tax...
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Nov 6, 2018
11/18
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obama did it in 2010. >> is there a trump put in the market. >> essentially obama did it with extending the bush tax cuts probably a price to a lot of people you think about the biggest lever trump has to pull it's probably op trade. nobody expects a deal with china. but is he an idea log that sticks with than makes no compromise or is he a deal maker with high self-preservation instikts. >> you talk about policy shifts. what rising rates? is that enough to hit a wall against all the positives, rising rates, does that fail, stop short of everything that's positive in this marketplace ones we start focusing on that again. >> yeah i think it lebron jamesly depends on that. it's having to do with how fast the fed decides to move relative to what they perceive at the neutral rate i don't think we moved into the new growth paradigm where we are growing at 3% or 4%. i think the neutral rate is somewhere around 3 that maybe gives latitude to move end of the the year or next year but if they go on autopilot that's a major risk. >> can we distill the conversation if your best case scenario is th
obama did it in 2010. >> is there a trump put in the market. >> essentially obama did it with extending the bush tax cuts probably a price to a lot of people you think about the biggest lever trump has to pull it's probably op trade. nobody expects a deal with china. but is he an idea log that sticks with than makes no compromise or is he a deal maker with high self-preservation instikts. >> you talk about policy shifts. what rising rates? is that enough to hit a wall against...
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Nov 15, 2012
11/12
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next year with obama care's health care taxes. and investors are locking in profits that they know at 15% on dividends and cap gains now in assets that have gained in the last several years versus waiting. we really don't know what's going to happen. >> as we wait for the statement from mr. bernanke in about two minutes now, talk to me about dividend paying stocks. they've really been hit very hard in the last week or so as the election results came out, as we hear the republicans and the democrats and the president trying to hash all of this out. would you avoid dividend paying stocks or do you just have to be very particular about which ones you chose? >> i wouldn't avoid them. dividends are an integral part of total return in equities. that's not going away, the tax efficiency of those returns has been great the last ten years. that may be declining at some level and that may be investors reallocating capital based on after-tax returns which is a smart thing to do. you may see more buybacks an money staying in share prices goin
next year with obama care's health care taxes. and investors are locking in profits that they know at 15% on dividends and cap gains now in assets that have gained in the last several years versus waiting. we really don't know what's going to happen. >> as we wait for the statement from mr. bernanke in about two minutes now, talk to me about dividend paying stocks. they've really been hit very hard in the last week or so as the election results came out, as we hear the republicans and the...
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Aug 20, 2019
08/19
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years ago for a period of two years, lowered the payroll tax to four-plus percent. >> and president obama did it for a stimulus in a recession. >> exactly what are the chances of getting congressional approval >> zero. there's no way that the house ways and means committee who writes tax law, they're not going to give the president a big win on anything going into 2020 so i think the chances of that happening are probably zero or south of zero, if you can be south of zero. i think on the other front, this argument that the president can unilaterally change the capital gains rate by indexing to inflation, this is an argument that grover nordquist has been making publicly and been making inside the white house to a lot -- he told me he has spoken to everybody at the white house except the president of the united states about this he has gotten a lot of good feedback and he feels like it is something the white house the about to do any day now. that's going to be controversial. there are people in town who argue that's just not possible under the law. >> all right eamon, thank you eamon jave
years ago for a period of two years, lowered the payroll tax to four-plus percent. >> and president obama did it for a stimulus in a recession. >> exactly what are the chances of getting congressional approval >> zero. there's no way that the house ways and means committee who writes tax law, they're not going to give the president a big win on anything going into 2020 so i think the chances of that happening are probably zero or south of zero, if you can be south of zero. i...
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Sep 12, 2017
09/17
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fact, i could argue in fact that he's held it back, not that somebody else wouldn't have, not that obama mind you hasn't, but if he should get tax reform done or if the republicans get it done with the cooperation of some democrats and you get -- you get some sort of revitalization to the u.s. through infrastructure, then couldn't you see the market even take another massive uptick, massive like 10% >> i have news on tax reform. >> you want to do it now >> the market is certainly -- the danger, i guess, we've been talking about, jim, the danger is being out of this market or short the market rather than in because of the expectation of tax reform, that the economy appears to be good enough and earnings are expected to be good enough to at least keep the -- the market stable if not moving higher, you've got the potential as steve said of a massive leg up. >> that would be great. >> great for the longs by shorts. >> again, it's company specific. >> but to get to tax reform. let mow point out a couple of things first of all, you know who you don't hear clamor for cutting corporate tax rate,
fact, i could argue in fact that he's held it back, not that somebody else wouldn't have, not that obama mind you hasn't, but if he should get tax reform done or if the republicans get it done with the cooperation of some democrats and you get -- you get some sort of revitalization to the u.s. through infrastructure, then couldn't you see the market even take another massive uptick, massive like 10% >> i have news on tax reform. >> you want to do it now >> the market is...
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Nov 14, 2012
11/12
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all right. >> obama's $250,000 cutoff would mean higher taxes for lots of americans, including many small business owners. why aren't small business leaders at obama's ceo meeting today? they're not the only ones who aren't there. we'll debate next as this special edition of "street signs" continues next. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful breasts; problems breathing
all right. >> obama's $250,000 cutoff would mean higher taxes for lots of americans, including many small business owners. why aren't small business leaders at obama's ceo meeting today? they're not the only ones who aren't there. we'll debate next as this special edition of "street signs" continues next. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others...
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Jan 23, 2015
01/15
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now, in return they would increase the tax benefits, part two of redistribution obama style, is increasing the tax benefits for the american opportunity tax credit. that provides up to $2,500 per family capped at families that make at least $180,000 a year. josh ernest, the white house press secretary, said the second part of that is critical to why they go after the 529 plans. >> the reforms that the president has proposed for the 529 program are reforms that he would consider only in the context of the other education reforms that he put forward, and when you consider that entire package of reforms, the tax cut that we're looking at for middle class families is $50 billion. >> now, people who benefit from 529 plans now can probably relax. they are more politically influential than people who earn less money than the people in the top 5%. therefore, this plan is not likely to pass this congress, guys. >> john harwood, thank you very much. >>> all right. up next on "street signs" a good old fashioned stalk brawl. one stock. two very different opinions. >>> and can you guess our stock of th
now, in return they would increase the tax benefits, part two of redistribution obama style, is increasing the tax benefits for the american opportunity tax credit. that provides up to $2,500 per family capped at families that make at least $180,000 a year. josh ernest, the white house press secretary, said the second part of that is critical to why they go after the 529 plans. >> the reforms that the president has proposed for the 529 program are reforms that he would consider only in...
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Dec 11, 2017
12/17
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things this bill does that's very good is it eliminates one of the obscene tragedies, crimes of the obama administration, when they put a tax in to force 6.6 million people to pay a tax because they won't buy obamacare because he's smarter and better than they are, and they're punished. they get nothing they don't get obamacare they det taxed and 80% of them make less than $50,000 a year we are getting rid of th obamacare mandate tax. they change it from the mandate to a tax it's a tax and that's going away. it's a very important part of this bill. and i know the democrats and the liberals always, they attacked reagan they said this would be helpful only for rich people, and 20 million jobs flowed from that, and higher income people paid a higher percentage of income taxes after than before. and the tax cut we had most recently, the 2003-2007 bush tax cut, revenues were up beyond what they had said were going to happen without it. so we do have examples of tax cuts paying for themselves not that long ago. >> gentlemen, we have to go. thank you. good to have you >>> when we come back, it's
things this bill does that's very good is it eliminates one of the obscene tragedies, crimes of the obama administration, when they put a tax in to force 6.6 million people to pay a tax because they won't buy obamacare because he's smarter and better than they are, and they're punished. they get nothing they don't get obamacare they det taxed and 80% of them make less than $50,000 a year we are getting rid of th obamacare mandate tax. they change it from the mandate to a tax it's a tax and...
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Sep 11, 2012
09/12
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obama is a bunkler, habitually pushes for tax increases, doesn't know how to close a deal. that's an obvious interpretation. does obama-care that much if he got a deal? does debt help him in some way because obama has been so promiscuous and reckless about spending, running up the debt, 5 trillion in the first term, if he ran another 5 trillion in the second term, the national debt would be 20 trillion dollars and he would be responsible for half of that. i almost wonder if debt serves a purpose for obama. >> let me come back to that. woodward says at one point there is no adult supervision in the white house. very interesting. do you agree with denesh at the end of the day, president obama doesn't really care, run up the debt and spend more. is that his strategy, deliberate ly sabotage the debt deal last year? >> let's look at the evidence. the question who cared about closing the deal. according to woodward's reporting, the president put out a counselor offer, called it to john boehner, didn't get a call back, called again and didn't get a call back. in an unusual develop
obama is a bunkler, habitually pushes for tax increases, doesn't know how to close a deal. that's an obvious interpretation. does obama-care that much if he got a deal? does debt help him in some way because obama has been so promiscuous and reckless about spending, running up the debt, 5 trillion in the first term, if he ran another 5 trillion in the second term, the national debt would be 20 trillion dollars and he would be responsible for half of that. i almost wonder if debt serves a...
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Feb 8, 2012
02/12
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obama has had every chance, not just for reform but fundamental tax reform, to code and federal code, why do they go down this road and a guy like bernanke who got it right, finally he got something right, he said let's not raise taxes at all. can i under score at all in kind of economy? >> he is right, and jared makes a good point, you cannot reform the income tax without doing all the others. but if you look at the estate taxes, you cannot tax things three, four, five times. they have paid their money and taxes and they made their money by the book, and they will pop the rate up to 55% on these people that is rotten. that is rotten. >> jared you get the last word. >> a lot of moving parts there, first of all, bernanke did not say never raise taxes, he said 2013. >> that is what we are talking about, less than a year. >> outside of the high end bush tax cuts i do not disagree with that. on corporate tax reform, you'll hear about it in days if not weeks coming from the white house, what we will do is come back here and talk about the broader base and lower rates, something that you a
obama has had every chance, not just for reform but fundamental tax reform, to code and federal code, why do they go down this road and a guy like bernanke who got it right, finally he got something right, he said let's not raise taxes at all. can i under score at all in kind of economy? >> he is right, and jared makes a good point, you cannot reform the income tax without doing all the others. but if you look at the estate taxes, you cannot tax things three, four, five times. they have...
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Feb 8, 2010
02/10
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the possibility of an obama administration tax on their foreign earnings. half of the s&p 500's earnings come from multinational foreign earnings. procter & gamble's ceo bob mcdonald says it is his biggest concern now. we asked should there be a tax on foreign products. we will go to greg bay, ceo of the manufacturing association. bernard whitman, ceo of whitman insights and strategies. is this a good time to be taxing american corporations either at home or abroad? >> it seems to me it is not a very good idea. and i think that in order to get the recovery started, we have to create jobs here in the u.s. and we have to make sure our companies are able to continue to be competitive globally. government is not going to be restimulate thing economy. ford announced a week or so ago in chicago they are creating 1,200 new jobs. suppliers around that plant will be hiring up. that's the kind of stimulus we need. not this idea of trying to tax on profits that are going on in foreign countries which really sounds good as a populist idea. bring the dollars back. let's
the possibility of an obama administration tax on their foreign earnings. half of the s&p 500's earnings come from multinational foreign earnings. procter & gamble's ceo bob mcdonald says it is his biggest concern now. we asked should there be a tax on foreign products. we will go to greg bay, ceo of the manufacturing association. bernard whitman, ceo of whitman insights and strategies. is this a good time to be taxing american corporations either at home or abroad? >> it seems to...
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Jul 9, 2020
07/20
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>> well, i have to say that when we were debating corporate tax reform during the obama-biden administration, we proposed 28% and what i heard from the business community was they wanted 25% so 21% was never in the debate there's certainly room i think 28% is a perfectly reasonable place for the corporate tax rate to be and that's what i thought when i was be secretary it's what i think now t overall, if we want to be able to address the issues in this country that we need to address, we're going to have to make sure that we fix our tax code so that those who are doing the best, earning the most, pay a fair share of taxes. after the 2017 tax cut, the system got worse, not better. >> what about capital gains taxes, mr. secretary in fact, during the obama administration, the response from the last crisis if if you look from the start of 2010 which was when unemployment peaked over the next five years, wage growth only 2%. s&p 500 returns per annu 14% if the we look at the recovery, it looks like the same sort of thing is playing out should capital gains taxes go up as well? >> i'm sorry, i did
>> well, i have to say that when we were debating corporate tax reform during the obama-biden administration, we proposed 28% and what i heard from the business community was they wanted 25% so 21% was never in the debate there's certainly room i think 28% is a perfectly reasonable place for the corporate tax rate to be and that's what i thought when i was be secretary it's what i think now t overall, if we want to be able to address the issues in this country that we need to address,...
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Feb 9, 2010
02/10
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and so forth or tax cuts for large and small companies including getting rid on the obama proposal on hiking the tax on corporate earnings. the republicans push back, john? >> i think they'll definitely push back. that is something that the administration pushed last year and didn't go anywhere. i don't think the republicans have to worry about that too much. if you push back on delaying the roll back of the bush tax cuts for the upper income people and they're not going to get very far. the white house is not going to go there and there will be back and forth negotiations and they'd hoped to do something this week, but the snow that we're headed for, another snowstorm today, may make that difficult mp. >> john harwood, thank you very much. over to trish. >>> we've got "power lunch" coming up at the top of the hour and sue herera is standing by to give us a sneak peek. hey, sue. >> hi, trish. coming up we'll talk about billionaire investor warren buffet and treasury secretary hank paulson. the two titans are sitting down and holding a conversation on the economy. we will bring it to y
and so forth or tax cuts for large and small companies including getting rid on the obama proposal on hiking the tax on corporate earnings. the republicans push back, john? >> i think they'll definitely push back. that is something that the administration pushed last year and didn't go anywhere. i don't think the republicans have to worry about that too much. if you push back on delaying the roll back of the bush tax cuts for the upper income people and they're not going to get very far....
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Mar 9, 2013
03/13
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if he he could teach obama to cut government spending as he did, cut tax, capital gains -- >> welfare reform. maggie haberman, i want you to weigh in. i'm giving you a big scoop here. obama is going to nominate bill clinton for being negotiator in chief for all these complex entitlement reforms, tax sequester, and oh, my gosh -- what do you think of the possibilities of that, maggie? >> i am not feeling it. which is not to say there is not some logic or people don't see some logic in what you're suggesting. but i'm just not seeing that happening. i don't think that president obama wants his second term to turn into bill clinton's third term. and that's essentially what it would be. >> are you interested in it? would you put a little blurb up on the politico about this? >> no, no. not on the spreading the rumor. but i'll tell you what. when you tell me for sure that that's what's happening, that will go up in a heartbeat. when it's confirmed, absolutely. >> remember when reagan wanted ford to be vp and ford said i'll be like a co-president and that killed that? something like that woul
if he he could teach obama to cut government spending as he did, cut tax, capital gains -- >> welfare reform. maggie haberman, i want you to weigh in. i'm giving you a big scoop here. obama is going to nominate bill clinton for being negotiator in chief for all these complex entitlement reforms, tax sequester, and oh, my gosh -- what do you think of the possibilities of that, maggie? >> i am not feeling it. which is not to say there is not some logic or people don't see some logic...
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Feb 13, 2019
02/19
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increase that obama was pushing because people said sure he talks about taxing the rich. but we know that people tell the pollsters that they'll come for us remember the income tax was only supposed to be a 7% rate on people who made more than a million dollars a year in today. it didn't take very long for the lowest income person in the country to be paying 7%. so what the left does is they have a trickle down taxation they bring in a tax on rich people income tax only a few people will pay it. and they say the same thing about the tax on wealth or the 70% or 90% rate. and then they drive those rates down the difference between the united states and denmark and the united states and sweden is not how they tax rich people, it's the heavy tax marge gnat tax rates on middle income people and the 20% value added tax, the sales tax hitting middle income people they say we're going to tax high income people and then go after the middle and across the world >> grover, let me ask you a question we were talking about loopholes around the estate tax. seems like the lowest hanging
increase that obama was pushing because people said sure he talks about taxing the rich. but we know that people tell the pollsters that they'll come for us remember the income tax was only supposed to be a 7% rate on people who made more than a million dollars a year in today. it didn't take very long for the lowest income person in the country to be paying 7%. so what the left does is they have a trickle down taxation they bring in a tax on rich people income tax only a few people will pay...
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Apr 15, 2016
04/16
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the obamas pay 81,472 in total tax and the president's effective income tax rate is 18.7%. so far this looks like it's about 45 pages long. we're going to through it and find the interesting tidbits including how many the obamas made in book royalty income and other things. what the white house is saying, total income for the president just over $436,000 this year. he did okay, kelly. >> he did fine. just a reminder, everybody, it's april 15th but because of emancipation day in washington, d.c., we're not paying taxes today. most of us on monday except in maine and massachusetts, where it's patriot's day on monday, they pay on tuesday. everybody with me on this. >> boston marathon is coming up on monday. they said they were releasing the vice president's as well? >> we'll get the vice president's as well. they just posted that to the website and haven't had a chance to go through it. we'll see who made more this year, the president or vice president. typically it's been president obama but we'll take a look at it. >> i'll ask the loaded question, are we expecting any of the
the obamas pay 81,472 in total tax and the president's effective income tax rate is 18.7%. so far this looks like it's about 45 pages long. we're going to through it and find the interesting tidbits including how many the obamas made in book royalty income and other things. what the white house is saying, total income for the president just over $436,000 this year. he did okay, kelly. >> he did fine. just a reminder, everybody, it's april 15th but because of emancipation day in...
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Sep 23, 2014
09/14
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obama administration announcing new rules to combat tax invergsz making it more difficult to u.s. companies to cut their tax bills by moving headquarters outside the united statestates. new rules deflate future deal holes for fizer pfizer to come . let's bring in edward mills. ed, great to have you with us joining us from london. so there is a slight delay. first, a lot of these stocks are feeling some reaction to all of this. you though believe that these deals will still go through? >> yeah, i do. i've been speaking with our event desk here at fbr, as well as event desks across the street. while the rules that came out were slightly more onerous or more onerous than they expected, essentially what the treasury said is that if you want to do an inversion, what we're going to do to you is subject more of your earnings to u.s. tax code for longer than we thought. but they didn't kind of do the things about earnings stripping or changing the definition to debt to equity. ultima ultimately, i think as companies make this decision that most of my earnings are still going to be oversea
obama administration announcing new rules to combat tax invergsz making it more difficult to u.s. companies to cut their tax bills by moving headquarters outside the united statestates. new rules deflate future deal holes for fizer pfizer to come . let's bring in edward mills. ed, great to have you with us joining us from london. so there is a slight delay. first, a lot of these stocks are feeling some reaction to all of this. you though believe that these deals will still go through? >>...
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Apr 25, 2012
04/12
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one, you extended tax cuts twice under president obama, so they are your poles. for the first time ever, the united states credit rating was downgraded. in 2007, the president said it was unpatriotic to add 4.6 trillion of debt, you have added more in three years under president obama. if it was unpatriotic then over an eight-year period and you have done more of the in three, that's awe problem. >> i'm glad, sean, you don't have any -- >> you have 700,000 people out of work. >> one at a time. go ahead. brad, can i ask you this? another slamdown line last night. because he has failed, he will run a campaign of diversions, distractions, and distortions. that kind of campaign may have worked in another place at a different time, but not here and now. now, your man doesn't have his own policies. all he does is slam. he slams paul ryan, mitt romney, splamz the supreme court. you know what i'm getting at. a very negative campaign. i don't think that's going to work. and romney challenged him on that very effectively. >> it's working so far. president up 49-45 over rom
one, you extended tax cuts twice under president obama, so they are your poles. for the first time ever, the united states credit rating was downgraded. in 2007, the president said it was unpatriotic to add 4.6 trillion of debt, you have added more in three years under president obama. if it was unpatriotic then over an eight-year period and you have done more of the in three, that's awe problem. >> i'm glad, sean, you don't have any -- >> you have 700,000 people out of work....
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Jul 18, 2017
07/17
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repeal when you're not getting rid of the taxes so tax reform no longer needed the sequential obama care repeal first and then tax reform because they're keeping -- they whimped out and they were keeping the taxes. >> for a long time >> yeah. the investment income was never going away >> right now i think one of the reasons the market is taking this in stride, look what happened in the house that was like "war and peace. watching that happen was "war and peace. there's bandages all over the thing. it gets through and it goes to the pa tritricians in the senate could they ever really do it it's almost like democrats and republicans, the gulf is so wide between a susan collins and a rand paul. >> within the whole political party. >> i don't know. at this point, don't you think they try to not tax reform, but a tax cut across the line? >> that's what they'll focus on. >> then i started thinking -- >> with just the repeal part of it. >> you look at the websites, obamacare stays the law of the land so it stays. now supposedly because they didn't do this si, single payer next do you think
repeal when you're not getting rid of the taxes so tax reform no longer needed the sequential obama care repeal first and then tax reform because they're keeping -- they whimped out and they were keeping the taxes. >> for a long time >> yeah. the investment income was never going away >> right now i think one of the reasons the market is taking this in stride, look what happened in the house that was like "war and peace. watching that happen was "war and peace....
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Nov 19, 2020
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at least of the magnitude that president barack obama put forwajrs biden put fon the campaign he will get his appointment thes in the senate, he won't want a ver controversial day one initiative but a lot of these tax increases are tied to spending programs. so there could be bipartisan infrastructure bill or bipartisan certain relief covid relief bill which i would expect in 2001, we did come together around 9/11 and had massive bipartisan ship. if we see those spending bills come forward, they may have tax provisions in them, which could be some tax increases to pay for some spending and the votes will be bought off by on the spending side so we could see tax changes for sure but not of the making any tuld in what we saw in president-elect biden's proposals. >> would you foresee the gop or republicans bargaining with the corporate tax rate, and in your view, do you think that 21 went too far, is 25 okay, 28, whatever, or do you think that that was a good level and has it been helpful to rpgs coulds? you know, you can't punt on this you may not know about the vaccine, but you know so
at least of the magnitude that president barack obama put forwajrs biden put fon the campaign he will get his appointment thes in the senate, he won't want a ver controversial day one initiative but a lot of these tax increases are tied to spending programs. so there could be bipartisan infrastructure bill or bipartisan certain relief covid relief bill which i would expect in 2001, we did come together around 9/11 and had massive bipartisan ship. if we see those spending bills come forward,...
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Apr 23, 2021
04/21
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is taxed at a higher rate than labor. it would only apply to those with capital gains income of more than $1 million a year. since the wealthy 5% includes the group you showed, that group owns 85% of the stocks any selling in advance of increase could put pressure on the markets as we saw a little bit yesterday. in 1986 under reagan tax overall, it increased from 20% to 28% over the sales of stocks and assets they surged 60% in the months before the tax hike. we could see some market decline in the short-term with that selling pressure, but a lot of studies find little correlation with the broader market direction and capital gains increases over the medium and longer term. it is not like an increase in the capital gains will lead to lower markets over the longer term the combination of state and federal rates is a record high especially in the top tax states in california, a wealthy tech founder, you pay combined 56.7% rate new jersey is 54%. new york city, brian, new york state passing an increase. the top combined capi
is taxed at a higher rate than labor. it would only apply to those with capital gains income of more than $1 million a year. since the wealthy 5% includes the group you showed, that group owns 85% of the stocks any selling in advance of increase could put pressure on the markets as we saw a little bit yesterday. in 1986 under reagan tax overall, it increased from 20% to 28% over the sales of stocks and assets they surged 60% in the months before the tax hike. we could see some market decline in...
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Sep 26, 2017
09/17
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will do better >> dualing headlines of pending tax reform, obama care repeal, and tensions between the u.s. and north korea. let's bring in senator bob corker of tennessee. chairman of the senate foreign relations committee. also, sits on the banking and budget committees. senator, it's good to see you. yesterday there was a lot of conjecture after the susan collins news everybody is wondering whether this makes tax reform easier or harder, and i see both sides have some valid points, but i finally came down on -- i think the winning argument was that this really might force republicans into doing tax reform because they were unsuccessful with obama -- they got to do it or does it make -- does it just highlight the divisions in the party? >> look, it's something we need to do. you guys had this big campaign on cnbc years ago called rise above, and what it said was we needed to figure out a way to create more revenues, more revenues, and also to do entitlement reform to safe our country. it's the number one threat we've got to move ahead and try to deal with the revenue piece had a good
will do better >> dualing headlines of pending tax reform, obama care repeal, and tensions between the u.s. and north korea. let's bring in senator bob corker of tennessee. chairman of the senate foreign relations committee. also, sits on the banking and budget committees. senator, it's good to see you. yesterday there was a lot of conjecture after the susan collins news everybody is wondering whether this makes tax reform easier or harder, and i see both sides have some valid points, but...
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Sep 11, 2009
09/09
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up by taxes the rich. even if they went after everybody like larry kudlow, they could only fund the government for about four or five months, so they have to go after the middle class. >> will there be any course corrections. the public is furious about the deficits and debt. unlike past years when it hasn't been an issue this, year it is. will the obama-com deal with this? what the heck do you think geithner was signaling? obama will speak here in new york on monday. >> i see no sign of it all. if you listen to the speech to congress on wednesday night it was basically the theory of two wrongs make a right. we can afford this, because the guy before me, bush, was able to spend even more on iraq and afghanistan, and on tax cuts. the problem is each one builds on the mistakes of the previous one. i certainly certainly he didn't create the situation. what's going to have to happen is some kind of economic ka lambity greater than what we saw last year for our debtholders to force us into some sort of deficit
up by taxes the rich. even if they went after everybody like larry kudlow, they could only fund the government for about four or five months, so they have to go after the middle class. >> will there be any course corrections. the public is furious about the deficits and debt. unlike past years when it hasn't been an issue this, year it is. will the obama-com deal with this? what the heck do you think geithner was signaling? obama will speak here in new york on monday. >> i see no...
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Feb 2, 2015
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. >> more taxes, more spending. president obama unveiling his $4 trillion budget plan for fiscal 2016. battle lines, of course already being drawn. ayman javers sifting through the details. jane wells in los angeles focussing on one major part of the budget. defense spending. amman, you first. >> remember this is just a proposal from the president. it's not necessarily going to become law. in fact, it's highly unlikely to become law. new tax proposals, including new taxes on corporate earnings that are held overseas. a 14% one-time only teaser rate. then that would go up to 19% on an ongoing basis. also new infrastructure suspending proposed by the president here. $478 billion worth of roads and bridges, and all of the stuff that he says the united states needs. the president really takes pains to take credit for some of the success of the sec quester, including the impact it's had on deficits. >> since i took office we have cut our deficits by two-thirds. that's the fastest period of sustained deficit reduction sin
. >> more taxes, more spending. president obama unveiling his $4 trillion budget plan for fiscal 2016. battle lines, of course already being drawn. ayman javers sifting through the details. jane wells in los angeles focussing on one major part of the budget. defense spending. amman, you first. >> remember this is just a proposal from the president. it's not necessarily going to become law. in fact, it's highly unlikely to become law. new tax proposals, including new taxes on...
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Jan 8, 2018
01/18
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administration gave us a whole bunch of policies like heavy regulation and high taxes and those things constrain the economy and gave us the very low economic growth, and then they blamed it on secular stagnation and external factors. that's why they're so upset right now. if you watch, like, how angry they are every time they appear on tv, it's because they can't stand the 3% growth because it's proven them wrong. >> they attack you it's unbelievable. you know, these are -- these are nice feeling liberals that attack you with horrific -- it's unbelievable >> yeah. >> but the fact is the policies are working. we're getting 3% growth. we've got a big tax cut, a historic tax cut, and that will lift growth up next year even more >> okay. so here's the illustrious cbo. the next ten years they're going to grant us 1.8% mighty big of them 1.8%. when can we become socialism land when we stopped having babies? why are we -- >> there are things that slow growth down like the baby boomers retiring and stuff like that let's just stipulate late that whatever we get north of 1.8% going forward is p
administration gave us a whole bunch of policies like heavy regulation and high taxes and those things constrain the economy and gave us the very low economic growth, and then they blamed it on secular stagnation and external factors. that's why they're so upset right now. if you watch, like, how angry they are every time they appear on tv, it's because they can't stand the 3% growth because it's proven them wrong. >> they attack you it's unbelievable. you know, these are -- these are...
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Dec 20, 2017
12/17
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everyone was in favor of lowering the corporate tax rate and barack obama was wanting to lower it to 35 i don't know what corporations were paying 35%, those paying that should probably fire their lawyers and accountants. this is a significant lowering of the corporate tax, but not all that much different because probably most corporations were paying something like an average of 28% >> it really depended on whether or not you were a domestic corporation and had a lot of international money and bob pis pisani canvasses all of washington we have a full screen if they want to bring it up. right now the estimate for the s&p 500 for the growth next year is between 5% to 7% and he thinks he'll add another 3% to 7% on top of that according to wall street analysts so earnings growth will be very strong for corporate america as a result of cutting taxes because some were paying as much as 35% >> well, it's good to hear, and the growth should be helpful it's unclear because economics is the science of single instances because you're always on the new circumstance. the question is what does th
everyone was in favor of lowering the corporate tax rate and barack obama was wanting to lower it to 35 i don't know what corporations were paying 35%, those paying that should probably fire their lawyers and accountants. this is a significant lowering of the corporate tax, but not all that much different because probably most corporations were paying something like an average of 28% >> it really depended on whether or not you were a domestic corporation and had a lot of international...
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Jul 9, 2013
07/13
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and then obama obama care pull back. and no new tax hikes. i happen to like all of those. that's kind of what i'm thinking. joining me from illinois, joining me on the set, we welcome back to michael pento. and the author of the coming back bond market collapse. that's not a good thought to start on. but i will go to you first because you may be skeptical. but i think that things are changing in washington, d.c. i think the president's political power has been weakened by various scandals and what not. and i see these straws in the wind about good immigration reform and budget cutting and you saw in the paper today the deficit and the spending share of gdp are coming down. are things getting better? >> the main point, the fed is about to taper. that's going to send interest rates rising. the view on my part is that they're going to hit 4%. that's where they were in the spring of 2010. >> i agree with that, by the way. i just said it in the last segment. >> the -- if the interest rates go to 4% and ben bernanke stops buying assets from banks which is what this country needs
and then obama obama care pull back. and no new tax hikes. i happen to like all of those. that's kind of what i'm thinking. joining me from illinois, joining me on the set, we welcome back to michael pento. and the author of the coming back bond market collapse. that's not a good thought to start on. but i will go to you first because you may be skeptical. but i think that things are changing in washington, d.c. i think the president's political power has been weakened by various scandals and...
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Apr 4, 2017
04/17
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not with the president, necessarily, on the obama repeople and replace. this could have been a message to them, politically, saying, hey if you won't be with us, maybe we need to build a coalition here in washington. there's other ways to do it tan talking to conservatives. >> that could have been a part of the mix as well. no real guidance from the white house, though, they say simply as of now. >> well the administration's border tax plans would impact the most retailers which look as if they are facing an apocalypse. they would cut jobs. check out the carnage, j.c. wen wenwhe pennies down, all this when amazon is on a tear, hitting a record high for the tenth time this year. so this the end of rethey'll as we know it? grasso, what do you think? >> i think you have major headwinds, you have a secular shift going online versus brick and mortar. you also have the vat tax, and now the carbon tax story, so to your point, it is very confusing, but you need to push off the cable vat, vat, and the carbon for all these stocks to run again. i think you need to c
not with the president, necessarily, on the obama repeople and replace. this could have been a message to them, politically, saying, hey if you won't be with us, maybe we need to build a coalition here in washington. there's other ways to do it tan talking to conservatives. >> that could have been a part of the mix as well. no real guidance from the white house, though, they say simply as of now. >> well the administration's border tax plans would impact the most retailers which...
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Dec 31, 2018
12/18
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administration and we didn't impose tariff taxes. you said i'm not a big proponent of taxes on people that's all >> tariffs are taxes >> i'm just yanking your chain >> on tariff taxes you like the other ones? >> i'm not going to get into tax policy >> new years i'm thinking about eggnog, i'm in a good mood, aren't you i have some resolutions to make. and i had to bring up taxes. >> i want to hear your resolutions. i think being humble all of the time is disconcerting for people >> you think it is disconcerting. to be overly, with this much humility, right? >> i wouldn't know false humility what are your real resolutions, we want to know. >> i have to think about that. every year is, you know, every year is the same in fact carbs aren't great >> has there ever been a resolution that you have committed to and maintains through the year >> have you ambassador >> i'm still working on that >> what are the best ones, i need a really good one to stick to, i think. >> you want to run a foot race >> try to see the good in all people take thin
administration and we didn't impose tariff taxes. you said i'm not a big proponent of taxes on people that's all >> tariffs are taxes >> i'm just yanking your chain >> on tariff taxes you like the other ones? >> i'm not going to get into tax policy >> new years i'm thinking about eggnog, i'm in a good mood, aren't you i have some resolutions to make. and i had to bring up taxes. >> i want to hear your resolutions. i think being humble all of the time is...
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Dec 21, 2012
12/12
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obama i believe, contrary to 208108 when he needed to be re-elected and actually extended tax rates for everybody because he didn't want there to be a recession now no longer has that pressure. he can be an ideologue. the average american and the average reporter, frankly, who doesn't really understand economics needs to have on the table something that says to obama, here. you said that you wanted to extend the present tax rates for everyone who was not a millionaire. we're offering you this. so the burden goes from the republicans raised tax rates to obama didn't follow through -- >> lost, heather, already lost. >> barely raised. not all right lost. the entire media story has been on the taxing side. appalling they never talked about the divisions on left about spending cuts. >> let me explain. when i say been lost. we already had the issue? nancy pelosi talking about a million. the president who ran the campaign, the number 250. the idea that a million versus 250 or 400 means the president is going back on his word, that's not how the american people see when look what was said durin
obama i believe, contrary to 208108 when he needed to be re-elected and actually extended tax rates for everybody because he didn't want there to be a recession now no longer has that pressure. he can be an ideologue. the average american and the average reporter, frankly, who doesn't really understand economics needs to have on the table something that says to obama, here. you said that you wanted to extend the present tax rates for everyone who was not a millionaire. we're offering you this....
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Nov 1, 2017
11/17
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council director to presidents clinton and obama and maya macguineas. president of the committee for responsible federal budget welcome to both of you gene, as ylan reported, they are keeping the top tax bracket where it stands at 39.6% and phasing out the estate tax gradually. does that mean we could see more democrats support it >> i don't think it's even a close call i mean, yes, it's better that they're keeping a top rate, if that happens but they're still going to get rid of the estate tax and just to be clear, that only helps the tiny number of people who have an estate over $11 million couples that have an estate over $11 million. think of that. even if you were going to leave $10.5 million to your heirs, you right now pay zero taxes so this is -- this is still a tax cut that's going to give over $200 billion just to estates over $11 million as you just mentioned on the show, you're still trying to afford a pass-through rate which in a lot of ways doesn't make as much sense because over 90% or 95% of the people who are actual small businesses rig
council director to presidents clinton and obama and maya macguineas. president of the committee for responsible federal budget welcome to both of you gene, as ylan reported, they are keeping the top tax bracket where it stands at 39.6% and phasing out the estate tax gradually. does that mean we could see more democrats support it >> i don't think it's even a close call i mean, yes, it's better that they're keeping a top rate, if that happens but they're still going to get rid of the...
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Nov 9, 2016
11/16
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do you think we're going to see tax reform? do you think we're going to see a big infrastructure spending? you see the way that bond yields are trading today in anticipation that we may see that? we may see a good bit of inflation. what should he do first? >> as i have said and conceptually you have a tremendous amount of capital. ironically, hillary clinton said that in a way. there's a tremendous amount of capital to end up in companies that have nowhere to go because they're afraid to invest in the machinery of this country. to go et away -- it doesn't all have to be technology. i think technology is all -- you still got a great country. great working people. great factories. you can do a hell of a hot here. this happened after world war ii. everybody thought there's going to be a depression. what are they going to do, and you had one of the greatest rises in the economy because business was there incentiveizing -- government was there incentiveizing business with a marshall plan. something like that. to spend it in buying m
do you think we're going to see tax reform? do you think we're going to see a big infrastructure spending? you see the way that bond yields are trading today in anticipation that we may see that? we may see a good bit of inflation. what should he do first? >> as i have said and conceptually you have a tremendous amount of capital. ironically, hillary clinton said that in a way. there's a tremendous amount of capital to end up in companies that have nowhere to go because they're afraid to...